Welltower Inc (NYSE:WELL) EVP Mercedes Kerr sold 4,342 shares of the stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $73.17, for a total transaction of $317,704.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of WELL opened at $72.34 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93. Welltower Inc has a one year low of $49.58 and a one year high of $74.75. The stock has a market capitalization of $27.17 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 2.88 and a beta of 0.26.
Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). Welltower had a return on equity of 4.86% and a net margin of 12.99%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts predict that Welltower Inc will post 4.05 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Conning Inc. purchased a new stake in Welltower in the third quarter worth about $478,000. Sheets Smith Wealth Management bought a new position in shares of Welltower during the third quarter valued at approximately $692,000. Factory Mutual Insurance Co. increased its stake in shares of Welltower by 2.3% during the third quarter. Factory Mutual Insurance Co. now owns 559,500 shares of the real estate investment trust’s stock valued at $35,987,000 after purchasing an additional 12,500 shares in the last quarter. Shufro Rose & Co. LLC bought a new position in shares of Welltower during the third quarter valued at approximately $11,539,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Welltower during the third quarter valued at approximately $15,716,000. Institutional investors and hedge funds own 88.54% of the company’s stock.
A number of research firms have recently weighed in on WELL. TheStreet lowered shares of Welltower from a “b” rating to a “c+” rating in a report on Thursday, October 11th. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Scotiabank began coverage on shares of Welltower in a report on Monday, December 10th. They set a “sector perform” rating and a $74.00 target price for the company. increased their target price on shares of Welltower to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, October 31st. Finally, SunTrust Banks increased their target price on shares of Welltower to $72.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.00.
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Welltower Company Profile
Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.
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